Affordable housing aid policy expands
City of Cottage GroveMinnesota- Detected
- Oct 13, 2026
- 21 days ago
- Sector
- Grants
- Est. value
- Free account
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From the meeting
At the October 13, 2026 workshop the EDA advanced its Local Affordable Housing Aid (LAHA) policy. The policy directs LAHA toward gap financing for affordable rental housing, with loans or grants for land acquisition, site prep, construction, and sustainability features. The city said it had already committed $916,000 to Hadley Ridge Apartments and that obligation should be paid off within six to twelve months, which opens future project funding.
This is a clear signal for affordable housing developers and financing partners.
- Meeting date
- October 13, 2026
- Agency
- City of Cottage Grove
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